Three regions (Denver, Minneapolis and St. Louis) outpaced Pittsburgh in Gross Domestic Product (GDP) growth between 2001 and 2008. However, many regions, including Pittsburgh, experienced a decline in GDP in 2009 followed by a sharp increase in 2010 and further growth in 2011. In 2015, Pittsburgh’s GDP growth accelerated to 3.3 percent from 0.4 percent... More
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GDP – Annual Percent Change
Economy / Gross Domestic Product
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GDP – Annual Trend
Economy / Gross Domestic Product
All benchmark regions exhibited positive movement in Gross Domestic Product (GDP) from 2001 to 2008. However, in 2009, many of them, including Pittsburgh, experienced a decline in 2009, followed by a steady increase from 2009 to 2015. GDP by Metropolitan Statistical Area (MSA) is released annually by the Bureau of Economic Analysis at the U.S.... More
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Energy Employment
The Economy Committee is developing new energy indicators, beginning with employment, establishments, wages, and coal production. There is no energy industry classification, and there are different definitions of the energy sector. These indicators include data on industries most directly tied to the energy sector. Future energy indicators may include research and development expenditures and venture... More
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Number of Jobs by Sector and Year
Annual job totals by sector are presented in the table below (in thousands). While the Pittsburgh region has been performing better than the benchmark average in terms of job growth for the past five years, in 2013, Pittsburgh’s job growth stalled, and the region turned in the lowest amount of job growth — in both... More
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Total Investments
Companies backed by venture capital play an important role in economic growth. Estimates attribute 16.6 percent of national Gross Domestic Product and 9 percent of national private sector employment to them. Many technology-oriented startup firms will need venture capital in order to successfully grow and create significant numbers of new jobs. Venture capital dollars invested... More
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Percent Change in Jobs by Sector and Year
Annual rates of change in jobs by sector are presented below. The Pittsburgh region weathered the recent national recession better than most of our benchmark regions. In fact, the year-over-year growth rate was negative in only one year, 2009, and even then, it was the least negative figure. The total number of jobs in the... More
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Annual Venture Capital Trends
Companies backed by venture capital play an important role in economic growth. Estimates attribute 16.6 percent of national Gross Domestic Product and 9 percent of national private sector employment to them. Many technology-oriented startup firms will need venture capital in order to successfully grow and create significant numbers of new jobs. In addition to our... More
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Exports Per Private Sector Worker
The U.S. Department of Commerce publishes information on exports for major Metropolitan Statistical Areas of the United States. Data for 2012 show a slight decrease in exports from the Pittsburgh region compared to total exports from the region in 2011. Coal, steel and chemicals are the Pittsburgh region’s three principal export products. More
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Annual Unemployment Rate
Economy / Employment And Unemployment